Asian Paints missed earnings estimates as a sharp contraction in margins offset strong revenue growth. HSBC, Jefferies and Goldman Sachs cut their target prices, flagging input cost inflation, competition and uncertainty over the pace of margin recovery.
Asian Paints missed earnings estimates as a sharp contraction in margins offset strong revenue growth. HSBC, Jefferies and Goldman Sachs cut their target prices, flagging input cost inflation, competition and uncertainty over the pace of margin recovery.
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